Allied Capital Increases Quarterly Dividend by 14% to $0.40 Per Share.WASHINGTON--(BUSINESS WIRE)--Feb. 26, 1999--Allied Capital Corp. (ALLC ALLC Association for Literary and Linguistic Computing ALLC Allied Capital Corporation (stock symbol) ALLC Army Logistics Leadership Center (Red River Defense Complex, Texarkana, TX) ) announced today that the board of directors has declared a quarterly dividend of $0.40 per share for the first quarter of 1999. The $0.40 per share dividend represents a 14% increase over the 1998 regular quarterly dividend of $0.35 per share. The first quarter dividend is payable as follows: -0-
Amount: $0.40 per share
Record Date: March 19, 1999
Payment Date: March 31, 1999
-0- Bill Walton William Theodore Walton III, better known as Bill Walton (born November 5, 1952), is a former American basketball player and current television sportscaster. He is the father of current Los Angeles Lakers player Luke Walton. , Chairman and Chief Executive Officer, remarked, "We are pleased to report a 14% increase in the company's quarterly dividend, which reflects the board's view about the increased earnings power of the company for 1999. "The quarterly dividend is not intended to reflect the earnings of any one quarter, but instead is a conservative estimate of one-fourth of the company's annual taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. . As our balance sheet and portfolio yield grows throughout 1999, earnings are anticipated to increase on a quarterly basis. "This dividend policy is intended to communicate estimated annual distributions based on taxable income, and therefore communicate to our shareholders the yield they can expect on their investment." Allied Capital is a lender to and investor in private small and medium-sized businesses. For 40 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time company has been dedicated to financing growing businesses nationwide. The company provides loans and investments ranging in size from $250,000 to $25 million in three areas: mezzanine finance, commercial real estate finance, and SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government 7(a) lending. The company has offices in Washington, D.C., Chicago, Detroit, San Francisco, Atlanta and Frankfurt, Germany. For more information, please contact Suzanne V. Sparrow, Principal, Investor Relations Investor relations The process by which the corporation communicates with its investors. , at 888/818-5298 or 202/973-6326. |
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